Why Should Investors Attend the Vizag Partnership Summit?
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Synopsis
Andhra Pradesh's Minister Nara Lokesh is rallying global investors to the 30th CII Partnership Summit in Visakhapatnam, emphasizing the state’s dynamic growth and innovation landscape. With exciting developments on the horizon, this summit is poised to be a pivotal opportunity for collaboration and investment in high-growth sectors.
Key Takeaways
- Minister Nara Lokesh invites global investors to the 30th CII Partnership Summit in Visakhapatnam.
- Andhra Pradesh is creating a trillion-dollar economic corridor.
- Establishment of South Asia's first 158-qubit quantum computer in Amaravati.
- Focus on decentralized development across diverse sectors.
- Investment opportunities in cold storage, industrial parks, and technology sectors.
Amaravati, Oct 6 (NationPress) Nara Lokesh, the Minister for Human Resource Development, IT, Electronics & Communication in Andhra Pradesh, has extended an invitation to investors and global leaders to attend the 30th CII Partnership Summit taking place on November 14-15 in Visakhapatnam. He described this as a thrilling time for the state's advancement and innovation.
While addressing the CII roadshow in Mumbai, Lokesh encouraged investors to opt for Andhra Pradesh as their preferred investment destination over other Indian states.
“We thrive on competition. Competitive federalism is crucial for our nation, enhancing our strength and vigilance,” he stated.
The minister's office reported that he characterized Visakhapatnam as a unique combination of Bengaluru’s innovation and Goa’s appeal.
Lokesh mentioned that the state is establishing a trillion-dollar economic corridor and highlighted the development of Amaravati as a “greenfield capital city” being developed with the same vigor as Cyberabad.
He revealed that South Asia’s first 158-qubit quantum computer is set to be established in Amaravati, stating, “We are creating a comprehensive ecosystem around it; this is a thrilling time for innovation and technology.”
Regarding Andhra Pradesh’s industrial strategy, Lokesh remarked, “We are not confining ourselves to a single sector. With our extensive coastline and varied geography, we are advocating for decentralized development across multiple sectors.”
The roadshow included in-depth one-on-one interactions with senior executives from various sectors such as ports and logistics, industrial infrastructure, real estate, electronics, renewable energy, and advanced manufacturing.
Discussions centered on drawing strategic investments into Andhra Pradesh, showcasing the state’s investor-friendly policies, ready-to-go projects, and collaborative opportunities in emerging and high-growth sectors.
The minister urged a private company to invest in cold storage and export infrastructure, explore commodity trading desks in Vizag, and set up an LNG regasification terminal in either Kakinada or Vizag to bolster gas-based power.
Minister Lokesh also met with representatives from another group, encouraging them to collaborate with APIIC in developing mega industrial parks under the Plug & Play Industrial Parks Policy 4.0, and to establish 3 to 5 large logistics parks near Andhra Pradesh ports, including multimodal hubs in Vizag and Kakinada.
Furthermore, he consulted with the chairman of another group known for extensive luxury residential and township projects across India. The minister requested the development of a luxury township in Visakhapatnam, capitalizing on the city’s rapid expansion fueled by IT companies and data center growth.
Additionally, Lokesh invited another firm's representatives to revive the 3D Printing Centre of Excellence in Andhra Pradesh, set up a manufacturing unit for PCs, laptops, and workstations, develop PC component parks in Tirupati, and recruit supply chain partners like Foxconn, Quanta, and Inventec to the state.
Point of View
It is crucial to recognize Andhra Pradesh's commitment to attracting global investments. With initiatives like the CII Partnership Summit, the state is actively positioning itself as a center for innovation and economic growth. This approach not only benefits Andhra Pradesh but also contributes to India's overall progress, highlighting the importance of competitive federalism in a rapidly evolving global economy.
NationPress
06/10/2025
Frequently Asked Questions
What is the CII Partnership Summit?
The CII Partnership Summit is an annual event that brings together global leaders and investors to discuss opportunities for collaboration and investment in various sectors.
When is the CII Partnership Summit taking place?
The summit is scheduled for November 14-15 in Visakhapatnam, Andhra Pradesh.
What are the key topics of discussion at the summit?
Key topics include strategic investments, industrial development, and emerging technologies in Andhra Pradesh.
Who is invited to the summit?
Global investors, industry leaders, and representatives from various sectors are invited to participate in the summit.
Why is Andhra Pradesh considered a good investment destination?
Andhra Pradesh offers an investor-friendly environment, diverse opportunities across sectors, and significant government support for development initiatives.
